Press release
Freight and Logistics Market Projected to Grow from USD 16.52 Billion in 2023 to USD 24.03 Billion by 2030 at a 5.5% CAGR
Freight and Logistics Market
The global freight and logistics market is poised for substantial growth, driven by the increasing demand for efficient transportation, supply chain optimization, and technology adoption across industries. According to Maximize Market Research, the global freight and logistics market was valued at USD 16.52 trillion in 2023 and is expected to reach USD 24.03 trillion by 2030, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period.
This press release highlights the market size, key country-specific trends, mergers and acquisitions, and recent developments in Vietnam, Thailand, Japan, China, South Korea, Singapore, the US, and Europe.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/65801/
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's freight and logistics market is rapidly expanding, driven by its strategic location in Southeast Asia and the government's push to enhance infrastructure. The market is witnessing significant investments in seaports and airports, boosting international trade. ๐๐๐ฆ๐๐๐๐ฉ๐ญ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง and ๐๐ซ๐๐ง๐ฌ๐ข๐ฆ๐๐ฑ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง are prominent players focusing on capacity expansion and digital transformation.
๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's market growth is fueled by its Eastern Economic Corridor (EEC) development and rising e-commerce activities. Key mergers, such as the partnership between ๐๐ก๐๐ข ๐๐ข๐ซ๐ฐ๐๐ฒ๐ฌ and ๐๐๐ง๐ ๐ค๐จ๐ค ๐๐ข๐ซ๐ฐ๐๐ฒ๐ฌ, aim to strengthen air cargo capabilities. The country's logistics hub aspirations are further enhanced by its position as a gateway to ASEAN.
๐ ๐ซ๐๐ข๐ ๐ก๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan is leveraging its technological expertise to lead the way in smart logistics solutions. Robotics and AI integration in warehouse management are shaping the industry's future. Recent developments include ๐๐๐ฆ๐๐ญ๐จ ๐๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ' collaboration with ๐๐ข๐ญ๐๐๐ก๐ข ๐๐ญ๐. to implement AI-driven delivery systems, enhancing efficiency and sustainability.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/65801/
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ก๐ข๐ง๐
China, the world's largest logistics market, continues to dominate through significant mergers and acquisitions. The acquisition of ๐๐ก๐๐ง๐ณ๐ก๐๐ง ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ by ๐๐ก๐ข๐ง๐ ๐๐๐ซ๐๐ก๐๐ง๐ญ๐ฌ ๐๐ซ๐จ๐ฎ๐ฉ is a recent highlight, aimed at expanding freight capabilities. Trends like same-day delivery services and cross-border e-commerce are driving market innovation.
๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's freight and logistics market is evolving with technological advancements. The government's focus on developing smart logistics platforms is evident in collaborations between CJ Logistics and Samsung SDS, enhancing blockchain-based logistics services. The rise of eco-friendly freight solutions is another key trend.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore remains a global logistics hub due to its world-class port infrastructure and trade-friendly policies. Mergers like ๐๐๐ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ'๐ฌ acquisition of ๐๐ซ๐ข๐ฆ๐ฌ๐จ๐ง๐๐จ๐ ๐ข๐ are bolstering digital freight solutions. The nation's efforts to embrace green logistics and automation are setting benchmarks in the industry.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/65801/
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐
The US freight and logistics market is experiencing a surge in demand for 3PL (third-party logistics) services. Key players such as ๐ ๐๐๐๐ฑ and ๐๐๐ are adopting electric vehicles for last-mile deliveries. Recent collaborations, like ๐๐ฆ๐๐ณ๐จ๐ง'๐ฌ partnership with ๐๐ข๐ฏ๐ข๐๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐, underline the focus on sustainability.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's market is shaped by regional consolidation, with mergers like ๐๐๐ฎ๐ญ๐ฌ๐๐ก๐ ๐๐จ๐ฌ๐ญ ๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ acquiring ๐๐ ๐๐๐ข๐ฅ ๐๐ซ๐จ๐ฎ๐ฉ, enhancing their parcel delivery network. The adoption of rail freight solutions and investments in green logistics are major trends driving the market.
๐ ๐ซ๐๐ข๐ ๐ก๐ญ ๐๐ง๐ ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ก๐ข๐ฉ๐ฉ๐ข๐ง๐ ๐๐ฒ๐ฉ๐
Airways
Railways
Roadways
Waterways
๐๐ฒ ๐๐๐ซ๐ฏ๐ข๐๐
Inventory management
Packaging
Warehousing
Transportation
Distribution
Custom clearance
Others
๐๐ฒ ๐๐ง๐-๐๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Trade and Transportation
Healthcare
Manufacturing & Construction
Retail
Media and Entertainment
Banking and Financial Services
IT & telecommunication
Others
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-freight-and-logistics-market/65801/
Freight and Logistics Market Key Players
1. C.H. Robinson (U.S.)
2. United Parcel Service (U.S.)
3. FedEx Corp. (U.S.)
4. Walmart Group (U.S.)
5. UPS (U.S.)
6. XPO Logistics (U.S.)
7. J.B. Hunt Transport Services (U.S.)
8. Ryder Supply Chain Solutions (U.S.)
9. Expeditors (U.S.)
10. Penske Logistics (U.S.)
11. Lineage Logistics (U.S.)
12. Geodis (U.S.)
13. Worldwide, Inc. (U.S.)
14. Nippon Express (Japan)
15. Dsv Global Transports and Logistics (Denmark)
16. Kuehne+ Nagel (Germany)
17. The Maersk Group (Denmark)
18. Deutsche Post DHL (Germany)
19. DB Schenker Logistics (Germany)
20. Panalpina (Switzerland)
21. Ceva Logistics (France)
22. A.P. Moller-Maersk (Denmark)
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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